Cryptocurrency Q&A
What is a shield in business?
What is a shield in business?
CryptoAlchemist
Fri Nov 15 2024
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6 answers
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In the context of business, a shield often refers to a protective measure or strategy that helps mitigate risks, prevent losses, or defend against potential threats and liabilities. It can be a legal, financial, or operational tool designed to safeguard the interests and assets of a company.
6 answers
Lorenzo
Sun Nov 17 2024
A corporate shield is a legal structure designed to protect a business from the personal liability of its shareholders.
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Carolina
Sun Nov 17 2024
This shield is commonly established in the form of an LLC or a corporation, which acts as a separate legal entity from its owners.
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Maria
Sun Nov 17 2024
By creating this separation, the owners of the company are not personally liable for the debts or obligations of the business.
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AzrilTaufani
Sat Nov 16 2024
Instead, the owners are designated as managers or directors of the corporation, responsible for overseeing its operations.
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KatieAnderson
Sat Nov 16 2024
In this setup, the managers do not have a direct say in how the business operates on a day-to-day basis.
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